Alaska Milk Corporation


Alaska Milk Corporation is a manufacturer of milk products in the Philippines. Its products are sold under the Alaska brand. The company also owns the Philippine Basketball Association team, the Alaska Aces.
In 2012, Dutch dairy cooperative FrieslandCampina acquired control of the company from the founding Uytengsu family.

History

In 1972, Holland Milk Products, Inc. was established. It was a joint venture between General Milling Corporation and Holland Canned Milk International B.V.. HOMPI initially manufactured canned liquid milk. It eventually expanded to manufacture powdered milk and UHT milk.
In 1994, HOMPI was spun off from GMC and incorporated as Alaska Milk Corporation under the control Wilfred T. Uytengsu, Sr. Shortly after its incorporation, AMC was listed in the Philippine Stock Exchange in 1995.
Wilfred Steven Uytengsu, Jr., eldest son of Wilfred Sr., assumed the position of president and CEO in 2007. The elder Uytengsu died in April 2010 at the age of 82.
In 2007, AMC acquired the canned milk business of Nestlé Philippines, Inc. The acquisition included the Alpine, Liberty and Krem Top trademarks, as well as the trademark license for Nestle's Carnation and Milkmaid brands.
In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. On November 5, 2012, AMC was delisted from the PSE after FrieslandCampina completed its tender offering for 98.1% ownership of AMC. Prior to this, FrieslandCampina held an 8.1% interest in AMC. Wilfred Steven Uytengsu Jr. remained as president and CEO until the end of 2018. Since 2019, Uytengsu serves as the Chairman of the company.

Brands